‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink
From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisis
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AI boom helps drive surprise UK growth in July
The UK's economy grew faster than expected in July partly helped by businesses using artificial intelligence (AI).
FOM: In the Duma elections, “United Russia” will receive about 50% of the votes on party lists
In the party-list voting for the State Duma elections, “United Russia” is expected to receive about 50% of the vote. The VTsIOM Analytical Center and the “Public Opinion” Foundation (FOM). Sociologists and political sci…
Authorities Will Simplify the Process of Correcting Inaccuracies in Property Area Data in the Unified State Register of Real Estate (EGRN)
The government has submitted a bill to the State Duma that simplifies the procedure for updating the area of buildings, structures, and the premises within them in the Unified State Register of Real Estate (EGRN). The i…
Are interest rates on the way up again?
There's nothing like talk of energy prices and potential higher borrowing costs to remind us that the summer holidays are well and truly over.
Watch: Three times Trump has promised money to Americans
US President Donald Trump says he would give $5,000 to every American adult if the midterm elections go his way. Turning that promise into reality, however, would face significant hurdles. The proposal could cost more t…
Anthropic details bad actors’ efforts to misuse its AI for bioweapons
Report comes two days after former employee quit claiming company’s models could cause human extinction by 2030
Agencies reduce regulatory burden for community banks, increase eligibility for 18-month exam cycle
The federal bank regulatory agencies today issued an interim final rule increasing the number of community banks eligible for an 18-month exam cycle.
Man pleads guilty to fraud and forgery offences relating to fake takeover approach
Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.
Global bond sell-off resumes as surging oil prices stoke fears about inflation
Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.
U.S. Government Advisor: OpenAI Risks "Catastrophically" Losing Control of AI
OpenAI has failed to reduce the risk of a “catastrophic” loss of control over AI, said Paul Cristiano, a U.S. government advisor on high technology. He issued this warning at a board meeting of the nonprofit OpenAI, of …
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
The Office of the State Comptroller (OSC) conducted an investigation of South Jersey Extended Care (SJEC), a for-profit nursing home located in Bridgeton, New Jersey. Covering a five-year period from April 1, 2018, to M…
OpenAI not on track to reduce risk of ‘catastrophic’ loss of control, says board member
US government adviser Paul Christiano warns of risks to AI industry as he joins OpenAI’s non-profit foundation
Glencore’s former head of oil pleads not guilty to bribery charges
Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials
Ryanair will dispute passenger’s claim he was sucked out of window
Ryanair has said it will be “disputing” that any part of a passenger’s body was sucked outside when a window on one of its aircraft broke while in flight.
Monetary policy decisions
The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above targ…
English winemakers expect ‘vintage year’ after record-breaking summer heat
English sparkling winemakers expect their earliest grape harvest and a “vintage year” after a scorching summer quickly ripened grapes.
Trump on Iran war; Oracle, Adobe to report - what’s moving markets
Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’
Iceland to become first UK high street retailer to open shop in Falkland Islands
The supermarket chain Iceland has said it will open a shop on the Falkland Islands in early December.
Christine Lagarde, Boris Vujčić: Monetary policy statement
Good afternoon, the Vice-President and I welcome you to our press conference. I would like to thank President Nagel for his kind hospitality and express our special gratitude to his staff for the excellent organisation …
John Lewis losses widen to £124m as shopper confidence dips
Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money.
‘Fundamentally unfair’: Burnham must overhaul migration reforms, says TUC general secretary
Andy Burnham must overhaul Shabana Mahmood’s migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned.
Trump promises $5,000 dividend to every U.S. adult if GOP wins midterms
To incentivize voters to cast ballots for Republicans, President Trump used his convention speech to promise a dividend of $5,000 to every adult citizen if the Republican Party maintains control of Congress in the midte…